Company Registration No. 09236390 (England and Wales)
LS Build Ltd
Unaudited accounts
for the year ended 31 December 2024
LS Build Ltd
Unaudited accounts
Contents
LS Build Ltd
Company Information
for the year ended 31 December 2024
Company Number
09236390 (England and Wales)
Registered Office
12 Challacombe Close
Hutton
Essex
CM13 2LU
Accountants
TB Accounts Ltd
36 Wedgwood Way
Rochford
Essex
SS4 3AS
LS Build Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
2,392
3,989
Cash at bank and in hand
367,435
272,085
Creditors: amounts falling due within one year
(244,025)
(344,685)
Net current assets
152,392
162,189
Total assets less current liabilities
154,784
166,178
Provisions for liabilities
Net assets
154,186
163,913
Called up share capital
50
59
Capital redemption reserve
52
43
Profit and loss account
154,084
163,811
Shareholders' funds
154,186
163,913
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2025 and were signed on its behalf by
Stephen Smith
Director
Company Registration No. 09236390
LS Build Ltd
Notes to the Accounts
for the year ended 31 December 2024
LS Build Ltd is a private company, limited by shares, registered in England and Wales, registration number 09236390. The registered office is 12 Challacombe Close, Hutton, Essex, CM13 2LU. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and any accumulated impairment losses.
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
LS Build Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 31 December 2024
90,000
At 31 December 2024
90,000
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
7,136
22,903
30,039
At 31 December 2024
7,136
22,903
30,039
At 1 January 2024
3,947
22,103
26,050
Charge for the year
797
800
1,597
At 31 December 2024
4,744
22,903
27,647
At 31 December 2024
2,392
-
2,392
At 31 December 2023
3,189
800
3,989
Amounts falling due within one year
Trade debtors
25,153
230,960
LS Build Ltd
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
60,949
155,503
Taxes and social security
42,897
36,221
Other creditors
20,247
20,588
Loans from directors
129
33
Allotted, called up and fully paid:
48 Ordinary A shares of £1 each
48
48
2 Ordinary B shares of £1 each
2
2
- Ordinary C shares of £1 each
-
9
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).